Major Crypto Investor Faces Significant Losses After Recent Sell-Off

Recent blockchain data has revealed that a prominent cryptocurrency investor, or "whale," has faced substantial losses with an altcoin investment.

Approximately two hours ago, the whale offloaded around 5 million VIRTUAL tokens from the Virtuals Protocol (VIRTUAL) for a total of $8.88 million, selling them at an average price of $1.76. This sale resulted in a loss of $5.2 million, reflecting a 36% decline from the whale’s original investment.

The whale had initially acquired the VIRTUAL tokens between January 19 and January 27, during a price dip in the altcoin, spending a total of $13.91 million.

However, the value of the asset continued to drop, prompting the investor to take action by selling off the entire holding and setting a stop loss to mitigate further damage.

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At the time of writing, the VIRTUAL token is priced at $1.74, having suffered a 32% decline over the past week. While it is not listed on Binance, the token can still be traded on platforms like Bybit and Upbit.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.